US economy grows 2% in Q2

The U.S. economy fell relatively lower than analysts'
expectations during the second quarter, as lower exports and inventory volumes
offset strong growth in consumer spending.

Data released by the Ministry of Commerce today showed
that GDP increased in the second quarter of this year by 2%, following an
adjustment from the 2.1% estimated last month. The economy grew by 3.1% in the
January-March quarter.

On the other hand, the positive reviews came from
personal spending, which grew at a rate of 3.10%, up from an initial estimate
of 2.85%. Federal government spending is also positively up 0.52 basis points
from 0.51 basis points, while domestic government spending rose 0.25 basis
points to 0.35 basis points.

Exports fell 5.8% in the second quarter after a 4.1%
increase in the first quarter. On the other hand, imports increased by 0.1%,
led by commodity purchases by 0.3% versus 2.8%.

It should be noted that, the direct negative effects
of the U.S.-China trade war are increasing day by day and threatening economic
expansion, we see the negative effects of the war on global stock markets in
addition to the reversal that occurred in the U.S. bond yield curve, which
helped to feed Current fears of an economic recession.

It is worth mentioning that the expectations that the
Federal Reserve is on its way to cut interest rates again at its next meeting,
under the constant pressure of Us President Donald Trump, and after the
fourth-quarter growth data may increase the chances of the Fed continuing its
policy of expansion Monetary policy.

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